It's not surprising that the market rose on this news as there was a fair bit of panic selling going on.
The reality is that HVN (and all other retailers) are facing a difficult period coming off the covid spike in spending, high inflation, increasing interest rates and fears of a recession. There is nothing fundamentally wrong with HVN and at some point these issues will disappear into the past and there will likely be a profit rebound as the cycle changes.
Anyone who purchases at current prices is buying the stock at 6-7 times earning at a low point in the cycle, and at below book value - which a large part of is property holdings, and therefore real. They will also receive a grossed up yield of around 10% which means that providing conditions don't deteriorate too much further they should have a reasonable run with the stock.
- Forums
- ASX - By Stock
- HVN
- Ann: Market Disclosure
Ann: Market Disclosure, page-27
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HVN (ASX) to my watchlist
|
|||||
Last
$4.85 |
Change
-0.070(1.42%) |
Mkt cap ! $6.043B |
Open | High | Low | Value | Volume |
$4.92 | $4.92 | $4.83 | $9.624M | 1.979M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2083 | $4.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.86 | 12364 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2083 | 4.840 |
4 | 10800 | 4.830 |
5 | 21154 | 4.820 |
6 | 27754 | 4.810 |
6 | 14100 | 4.800 |
Price($) | Vol. | No. |
---|---|---|
4.860 | 12364 | 3 |
4.870 | 16154 | 4 |
4.880 | 11497 | 2 |
4.890 | 2083 | 1 |
4.900 | 2083 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
HVN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online